E-CONNECT SERVICES: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
E-CONNECT SERVICES
Largest movements
- Cash +€24,147
up €24,147 (+162%), from €14,900 to €39,047
mainly Net result for the year (+€23,797) and Other debts (+€18,266)
- Tangible fixed assets -€3,353
down €3,353 (-11.5%), from €29,244 to €25,891
of which Other tangible fixed assets: -€2,981
- Intangible fixed assets -€2,500
down €2,500 (-23.6%), from €10,589 to €8,089
- Receivables within one year -€2,041
down €2,041 (-14.0%), from €14,626 to €12,585
of which Trade receivables: -€5,684
- Other debts +€18,266
up €18,266 (+52.2%), from €35,006 to €53,272
- Tax, wage and social debts -€1,879
down €1,879 (-36.0%), from €5,211 to €3,333
- Gross operating margin +€33,825
up €33,825 (+229%), from €14,796 to €48,621
- Taxes +€8,111
up €8,111 (+1,018%), from €797 to €8,907
- Write-downs +€7,110
new in 2025: €7,110
- Depreciation -€2,179
down €2,179 (-27.6%), from €7,883 to €5,704
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,359 | €110,612 | +€16,253 | +17.2% |
| Fixed assets | 21/28 | €64,833 | €58,980 | -€5,853 | -9.0% |
| Intangible fixed assets | 21 | €10,589 | €8,089 | -€2,500 | -23.6% |
| Tangible fixed assets | 22/27 | €29,244 | €25,891 | -€3,353 | -11.5% |
| Furniture and vehicles | 24 | €2,066 | €1,693 | -€373 | -18.0% |
| Other tangible fixed assets | 26 | €27,178 | €24,197 | -€2,981 | -11.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €29,526 | €51,632 | +€22,106 | +74.9% |
| Amounts receivable within one year | 40/41 | €14,626 | €12,585 | -€2,041 | -14.0% |
| Trade receivables | 40 | €14,174 | €8,490 | -€5,684 | -40.1% |
| Other amounts receivable | 41 | €452 | €4,095 | +€3,643 | +806% |
| Cash at bank and in hand | 54/58 | €14,900 | €39,047 | +€24,147 | +162% |
| Total equity and liabilities | 10/49 | €94,359 | €110,612 | +€16,253 | +17.2% |
| Equity | 10/15 | €50,608 | €50,655 | +€47 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8 | €55 | +€47 | +568% |
| Amounts payable | 17/49 | €43,750 | €59,957 | +€16,207 | +37.0% |
| Amounts payable within one year | 42/48 | €41,410 | €57,825 | +€16,414 | +39.6% |
| Trade debts | 44 | €1,193 | €1,220 | +€27 | +2.2% |
| Suppliers | 440/4 | €1,193 | €1,220 | +€27 | +2.2% |
| Taxes, remuneration and social security | 45 | €5,211 | €3,333 | -€1,879 | -36.0% |
| Taxes | 450/3 | €5,211 | €3,333 | -€1,879 | -36.0% |
| Other amounts payable | 47/48 | €35,006 | €53,272 | +€18,266 | +52.2% |
| Accrued charges and deferred income | 492/3 | €2,340 | €2,132 | -€208 | -8.9% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,883 | €5,704 | -€2,179 | -27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,110 | +€7,110 | |
| Other operating charges | 640/8 | €1,181 | €938 | -€243 | -20.6% |
| Gross operating margin | 9900 | €14,796 | €48,621 | +€33,825 | +229% |
| Operating profit (loss) | 9901 | €5,732 | €34,869 | +€29,137 | +508% |
| Financial income | 75/76B | €0 | €8 | +€8 | +41,900% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +41,900% |
| Financial charges | 65/66B | €2,428 | €2,174 | -€254 | -10.5% |
| Recurring financial charges | 65 | €2,428 | €2,174 | -€254 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €3,304 | €32,704 | +€29,400 | +890% |
| Income taxes | 67/77 | €797 | €8,907 | +€8,111 | +1,018% |
| Profit (loss) for the period | 9904 | €2,508 | €23,797 | +€21,289 | +849% |
| Profit (loss) for the period to be appropriated | 9905 | €2,508 | €23,797 | +€21,289 | +849% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.